Recycled metals are used extensively in all shapes, sizes and forms across various industries. Recycling of scrap metals is a sustainable option in comparison to mining from natural resources. Moreover, use of recycled metals is more economical and also cuts down waste generation. These factors have given impetus to the metal recycling companies in Dubai and worldwide.
Metal recycling markets across the globe is valued at US$365.3 billion in 2020 and estimated to grow to $579.3 billion by 2027. (https://www.globenewswire.com/fr/news-release/2020/08/17/2079257/0/en/579-3-Billion-Worldwide-Metal-Recycling-Industry-to-2027-Impact-of-COVID-19-on-the-Market.html). The prospects for metal recycling companies in UAE appear to be positive while this sector is projected to grow at the CAGR (compounded annual growth rate) of 6.8% globally between 2020 and 2027.
Read more – http://blog.luckygroup.com/2020/11/will-metal-recycling-business-be-able.html